> Dana wrote: > But I am thinking that big public corporations are doing most of the > minimum wage hiring
I would doubt that, but even so who do you think pays for that? You speak as if corporations are just money trees and all we have to do is shake the branchs a bit more. They want a profit and if the minimum wage rises at, say, Walmart then so will the prices. Now there's no more "living wage" so do we raise the minimum wage again? You've never aswered the question of what problem you're trying to solve. If it's poverty then the long term solution is now baking a new cost into the economy. The cost will just ripple through until you reach equilibium again. Think of Walmart. Let's say they have an EPS of $1 this quarter. All things being equal, if you raise the cost of labor now their EPS drops which means stock value drops which means executive's net worth drops and shareholders get itchy. Now they've either got to raise prices or lower costs. Which does ABQ prefer? Job loss or more expensive ho-hos? Or maybe Wal-Mart pull out of ABQ all together; it was dragging down their stock. How about Burger King? Do you want fewer BKs or more expensive burgers? It accomplishes nothing. You'll see a short term bump until equilibrium and then it'll back to SNAFU. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Get help! RoboHelp http://www.houseoffusion.com/banners/view.cfm?bannerid=58 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:175446 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
